Netflix profits surge as streaming service adds 9.3m subscribers in latest quarter
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Netflix added over 9 million more subscribers to its streaming service in Q1 2024
Netflix announced it had added 9.33 million subscribers to its streaming service worldwide in the first quarter of 2024, as it brought in $9.37 billion in revenue for that time period.
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Netflix is the dominant streaming service. So why is it changing its model?
Netflix, the dominant player in streaming, is expected to announce its first-quarter results on Thursday after enjoying months as a Wall Street darling. But much of the company’s past growth and success, analysts say, has come from its old, well-established business model. In recent months, Netflix has made moves to expand and even radically reinvent that business. While streaming competitors like Disney+, Hulu, Max (owned by CNN’s parent company Warner Bros. Discovery) and Peacock work to draw...
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Netflix is the dominant streaming service. So why is it changing its model?
Netflix, the dominant player in streaming, is expected to announce its first-quarter results on Thursday after enjoying months as a Wall Street darling.